SWHY(SZ:000166) 申万宏源证券上海北京西路营业部·2025-02-27 02:29Core Viewpoint - The company, Shenwan Hongyuan, has achieved significant success in participating in local government bond sales, ranking second in the industry with actual winning bids exceeding 30 billion yuan in 2024, demonstrating its strong market presence and commitment to supporting local governments [1]. Group 1 - Shenwan Hongyuan actively engages with local financial departments across 35 provinces, cities, and regions, providing valuable insights and recommendations on bond issuance timing, institutional trends, and market analysis [1]. - The company has received multiple letters of appreciation from local financial departments for its contributions to helping them issue bonds at relatively low financing costs, thereby aiding in the gradual resolution of local government debt [1]. - The firm has been recognized for its excellence in underwriting local government bonds and interest rate bonds by the Shanghai Stock Exchange and Shenzhen Stock Exchange for several consecutive years [1]. Group 2 - Looking ahead, Shenwan Hongyuan aims to deepen its commitment to the principle of serving the country through finance and supporting the development of the real economy, while enhancing collaboration among its headquarters and branches [1]. - The company is focused on increasing its brand influence in the fixed income sector and achieving high-quality development through continuous efforts and dedication [1].